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Friday, October 7, 2011

Upward Wedge Patterns Shown in Stocks: (PAET), (PRGO), (IIJI)

Upward wedge patterns have been noticed on October 7 for the stocks PAETEC Holding Corp, Perrigo Co, and Internet Initiative Japan Inc. The price range of these stocks is getting more narrow as the upward trend continues, thus signally the trend is losing steam. This sends a bearish signal to investors as the upward trend is ending.

Shares of PAETEC Holding Corp (PAET) fell by 0.74% or $-0.04/share to $5.33. In the past year, the shares have traded as low as $3.00 and as high as $5.84. On average, 2888500 shares of PAET exchange hands on a given day and today's volume is recorded at 1251585.

Shares of Perrigo Co (PRGO) fell by 1.27% or $-1.24/share to $96.07. In the past year, the shares have traded as low as $58.03 and as high as $100.99. On average, 817780 shares of PRGO exchange hands on a given day and today's volume is recorded at 420587.

Shares of Internet Initiative Japan Inc (IIJI) fell by 1.66% or $-0.18/share to $10.69. In the past year, the shares have traded as low as $5.08 and as high as $11.78. On average, 24640 shares of IIJI exchange hands on a given day and today's volume is recorded at 10782.